Categories: News

Case Study: The Absence of Tax Reductions on Hybrids in the Latest Budget Announcement!

A Case Study on Why Taxes on Hybrids aren’t reduced!

Many people were expecting a reduction in taxes on hybrids, which currently stand at 43%, compared to 5% for EVs. Hybrids are outselling EVs in India, and a tax reduction would have been beneficial since hybrids eliminate range anxiety associated with EVs.

What Are Hybrids?

Maruti Grand Vitara

Advantages of Hybrids:

Why Hybrid Tax Reductions Aren’t Approved:

Toyota UC Hyryder

Opposition to Hybrid Tax Incentives:

When Will Hybrid Tax Changes Happen?

Published by
Joseph